Polyurethane is a type of polymer that is formed by reacting isocyanates with polyols. They are commonly used in various applications such as insulation, adhesives, coatings, and flexible and rigid foams. Polyurethanes are known for their durability, versatility, and resistance to wear and tear. They can be formulated to have a wide range of properties, from soft and flexible to hard and rigid, depending on the specific application. Polyurethanes are also used in the medical industry for implants, wound dressings, and drug delivery systems. The polyurethanes market in Asia Pacific is anticipated to increase by USD 13.6 billion till 2029 at an average annual growth of 6.7 percent as per the latest market estimates.

This industry report offers market estimates of the Asia Pacific market, followed by a detailed analysis of the product, material, application, end user, and country. The Asia Pacific market data on polyurethanes can be segmented by product: thermoplastic polyurethanes (TPU), thermoset polyurethanes. The thermoset polyurethanes segment held the largest revenue share in 2022. Polyurethanes market is further segmented by material: methylene diphenyl diisocyanate (MDI), polyols, toluene diisocyanate (TDI), others. Among these, the MDI segment was accounted for the highest revenue generator in 2022. Based on application, the polyurethanes market is segmented into: adhesives and sealants, binders, coatings, elastomers, flexible foams, rigid foams, thermoplastic polyurethanes (TPU). The flexible foams segment captured the largest share of the market in 2022. On the basis of end user, the polyurethanes market also can be divided into: building and construction, electronics and appliances, footwear, furniture and bedding, packaging, transportation, others. According to the research, the furniture and bedding segment had the largest share in the polyurethanes market in Asia Pacific. Polyurethanes market by country is categorized into: China, India, Japan, South Korea, the rest of Asia-Pacific countries.

The Asia Pacific polyurethanes market is highly competitive. Top players covered in Asia Pacific Polyurethanes Market Study are Accella Polyurethane Systems LLC, BASF SE, C.O.I.M. s.p.a., China Haohua Chemical Group Co. Ltd., Covestro AG, DIC Corporation, Dow Inc., Huada Chemical Group Co. Ltd., Huafon Group Co. Ltd., Huntsman Corporation, INOAC Corporation, Koninklijke DSM N.V., Lanxess AG, Mitsui Chemicals & SKC Polyurethanes Inc. (MCNS), Nippon Aqua Co. Ltd., Shandong INOV Polyurethane Co. Ltd., Synthesia Technology Inc., The Lubrizol Corporation, Tosoh Corporation, Wanhua Chemical Group Co. Ltd.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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